STOCK TITAN

Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.054 per share, effective February 1, 2021. The record date is set for January 22, 2021, with an ex-dividend date on January 21, 2021. This fund aims to provide investors with current income exempt from federal income tax and the alternative minimum tax (AMT). As a global investment manager, Federated Hermes maintains $614.8 billion in assets under management as of September 30, 2020.

Positive
  • Dividend announced, providing consistent income for shareholders.
  • Tax-exempt income enhances attractiveness for investors.
Negative
  • None.

PITTSBURGH, Jan. 11, 2021 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT).

Record Date:

Jan. 22, 2021

Ex-Dividend Date:

Jan. 21, 2021

Payable Date:

Feb. 1, 2021



Tax-Free Dividend Per Share 

Amount

Change From
Previous Month

 

$0.054

$ --

Investors can view additional portfolio information in the Products section of FederatedInvestors.com.

Federated Hermes, Inc. is a leading global investment manager with $614.8 billion in assets under management as of Sept. 30, 2020. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/ dealers. Headquartered in Pittsburgh, Federated Hermes' more than 1,900 employees include those in London, New York, Boston and several other offices worldwide. For more information, visit FederatedHermes.com.

###

Cision View original content:http://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301205278.html

SOURCE Federated Hermes, Inc.

FAQ

What is the dividend amount declared by FMN?

The declared dividend amount is $0.054 per share.

When is the ex-dividend date for FMN?

The ex-dividend date is January 21, 2021.

What is the payable date for the FMN dividend?

The payable date for the dividend is February 1, 2021.

Is the dividend from FMN exempt from taxes?

Yes, the dividend is exempt from federal income tax and AMT.

What are the key dates related to FMN's dividend declaration?

The record date is January 22, 2021, and the ex-dividend date is January 21, 2021.

Federated Hermes Premier Municipal Income Fund

NYSE:FMN

FMN Rankings

FMN Latest News

FMN Stock Data

126.59M
11.50M
0.06%
38.31%
0.06%
Asset Management
Financial Services
Link
United States of America
Pittsburgh